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How to Get Rich

Naval

8.3M Views . 2019-12-25

Intro 0:00 Seek Wealth, Not Money or Status 1:51 Make Abundance for the World 7:00 Free Markets Are Intrinsic to Humans 10:39 Making Money Isn’t About Luck 14:37 Make Luck Your Destiny 19:41 You Won’t Get Rich Renting Out Your Time 24:16 Live Below Your Means for Freedom 28:55 Give Society What It Doesn’t Know How to Get 31:15 The Internet Has Massively Broadened Career Possibilities 33:58 Play Long-term Games With Long-term People 38:36 Pick Partners With Intelligence, Energy and Integrity 44:36 Partner With Rational Optimists 49:20 Arm Yourself With Specific Knowledge 54:44 Specific Knowledge Is Highly Creative or Technical 1:01:04 Learn to Sell, Learn to Build 1:06:34 Read What You Love Until You Love to Read 1:12:09 The Foundations Are Math and Logic 1:16:57 There’s No Actual Skill Called “Business” 1:20:15 Embrace Accountability to Get Leverage 1:25:45 Take Accountability to Earn Equity 1:30:13 Labor and Capital Are Old Leverage 1:35:08 Product and Media are New Leverage 1:39:49 Product Leverage is Egalitarian 1:45:03 Pick a Business Model With Leverage 1:50:12 Example: From Laborer to Entrepreneur 1:55:57 Judgment Is the Decisive Skill 2:01:21 Set an Aspirational Hourly Rate 2:07:47 Work As Hard As You Can 2:11:31 Be Too Busy to “Do Coffee” 2:16:38 Keep Redefining What You Do 2:20:42 Escape Competition Through Authenticity 2:22:45 Play Stupid Games, Win Stupid Prizes 2:28:21 Eventually You Will Get What You Deserve 2:30:57 Reject Most Advice 2:35:04 A Calm Mind, a Fit Body, a House Full of Love 2:37:59 There Are No Get Rich Quick Schemes 2:42:05 Productize Yourself 2:46:46 Accountability Means Letting People Criticize You 2:48:40 We Should Eventually Be Working for Ourselves 2:52:17 Being Ethical Is Long-Term Greedy 2:56:42 Envy Can Be Useful, or It Can Eat You Alive 3:00:07 Principal-Agent Problem: Act Like an Owner 3:03:36 Kelly Criterion: Avoid Ruin 3:10:18 Schelling Point: Cooperating Without Communicating 3:11:59 Turn Short-Term Games Into Long-Term Games 3:13:39 Compounding Relationships Make Life Easier 3:16:20 Price Discrimination: Charge Some People More 3:18:49 Consumer Surplus: Getting More Than You Paid For 3:19:59 Net Present Value: What Future Income Is Worth Today 3:20:47 Externalities: Calculating the Hidden Costs of Products 3:21:49 Bonus Material: Finding Time to Invest in Yourself 3:23:31 Transcript: https://nav.al/rich

This is a mega-sized episode of the Naval podcast covering all of Naval Ravikant's tweets on how to get rich without getting lucky, including Q&A and bonus material. The episode aims to give listeners a comprehensive understanding of Naval's philosophy and how to achieve financial independence.

Naval Ravikant
Getting Rich
Wealth
Financial Independence
Freedom

  • This podcast episode is a compilation of all previous episodes focusing on 'how to get rich' based on Naval Ravikant's tweet storm.
  • The episode aims to provide a comprehensive overview of the 'how to get rich' principles and insights, including the initial tweet storm, Q&A sessions, and bonus material.

Insights from the Podcast Intro:

1. "Getting Rich" is About More Than Money - It's About Freedom: This intro emphasizes that true wealth isn't just about amassing a pile of cash. It's about acquiring assets that generate income, giving you the freedom to pursue your passions and live life on your own terms. The "tire around your neck" analogy vividly illustrates the shackles of financial dependence.

2. The "How to Get Rich" Tweetstorm: A Catalyst for Financial Empowerment: The podcast highlights the impact of Naval Ravikant's "How to Get Rich" tweetstorm. It resonated with a wide audience, not just tech professionals, but

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